Stay in compliance with the ever-expanding web of mortgage & consumer lending regulations

Recent Articles

Update on New Maryland Law Clarifying Exemptions for Certain Mortgage Trusts

5 Things to Think About When Using AI

From Uncertainty to Action: DOJ Rolls Out a New White-Collar Enforcement Playbook

Wave Goodbye to the Waiver Debate: Court Holds Data Breach Investigation Report Not Work Product from the Start

The End of Disparate Impact Liability?

VA Announces Wind Down of VASP Program and VA Home Retention Waterfall

Governor Moore Signs Legislation Exempting “Passive Trusts” from Licensure in Maryland

Federal Banking Agencies Announce Intent to Rescind 2023 Community Reinvestment Act Final Rule and Return to Prior Framework

Consumer Finance State Roundup

HUD Revises Borrower Residency Requirements for FHA-Insured Mortgages

New York State Proposes Consumer Protection Reforms through FAIR Business Practices Act

California Attorney General Targets Location Data in New Investigative Sweep

Consumer Finance State Roundup

DEI in Lending: Are Special Purpose Credit Programs About to DIE?

Trump Administration Rescinds Biden Executive Order on Artificial Intelligence

Financial Services Advisory | The (Bay) State of the Model Money Transmission Modernization Act

Maryland Secondary Market Imperiled by Sweeping Regulatory Change Requiring Licensure for All Assignees of Mortgage Loans

CFPB Approves Financial Data Exchange to Set Standards for 1033

New York Passes New Removal Procedures for Officers, Directors, Trustees, and Partners of Any Entity Regulated by Department of Financial Services

FHFA Announces UDAP Compliance Expectations

CFPB’s “Overdraft Lending” Rule Faces Immediate Legal Challenge

Carter State Funeral is not a “Legal Public Holiday” for Purposes of Certain Regulation Z Disclosure Requirements

Missouri Enacts Commercial Financing Law

CFPB Proposes to Include Coerced Debt in the Definition of “Identity Theft”

Are You Ready for the Corporate Transparency Act’s Filing Deadline?

Financial Services Advisory: CFPB Finalizes Open Banking Rule on Consumer Financial Data Rights

CFPB Releases Chart to Help Determine if Nonbank Registration is Required

Financial Services Advisory: The UK Introduces a New Reimbursement and Compliance Monitoring Regime for Authorised Push Payment Scams

Financial Services / Antitrust Advisory: FDIC, OCC, and DOJ Update Guidance on Bank Merger Evaluations

Financial Services Advisory: FDIC Proposes Rule to Establish Custodial Account Recordkeeping Requirements

Financial Services / Investment Funds / White Collar, Government & Internal Investigations ADVISORY: Investment Advisers Face New AML/CFT Compliance Obligations from FinCEN

Financial Services Advisory: FDIC Proposes Rule to Revise Brokered Deposit Regulations and Issues Request for Information on Deposit Data

Financial Services Advisory: Regulators Focus on Bank-Fintech Arrangements

Consumer Finance State Roundup

Shareholders Sharpen Focus on AI-Related Securities Disclosures

States Impose Commercial Financing Disclosure Requirements

CFPB Submits Comment Letter on Use of AI in Financial Services

VA Issues Guidance on Processing Assumptions with Secondary Financing

Strike Force on Unfair and Illegal Pricing Holds First Public Meeting: CFPB Director Highlights Work on Junk Fees

Consumer Finance State Roundup

CFPB Releases Long-Awaited Proposal to Amend Regulation X Loss Mitigation Rules

CFPB and Other Federal Agencies Finally Adopt AVM Rule

CFPB Expands its Reach with Final Rule Establishing Nonbank Registry of Public Settlements, Consent Orders and Enforcement Actions

CFPB Seeks Permanent Enforcement – Will this Further its Repeat Offender Agenda?

FSOC Issues Report on Nonbank Mortgage Servicing Highlighting Strengths, Vulnerabilities and Recommendations

HUD Issues Guidance on Appraisal Reviews and Reconsiderations of Value

Large Nonbank Ginnie Mae Issuers: Ginnie Mae Wants Your Recovery Plans

Consumer Finance State Roundup

Iowa Adopts Mortgage Servicer Prudential Standards

Appraisal Bias Settlement: Potential Roadmap

FHA and VA Announce New Loss Mitigation Options

CFPB Issues Credit Card Penalty Fee Final Rule, Reduces Late Fees to $8

Fannie Mae Issues Guidance in Response to New York Foreclosure Abuse Prevention Act

CFPB’s War on Mortgage Fees Continues

CFPB and FTC Amicus Brief Signals Stance on “Pay-to-Pay” Fees under FDCPA

Ginnie Mae Imposes Cybersecurity Incident Notification Obligation

Appraisal Bias Focus Continues in 2024

A Friendly Reminder of the Importance of Robust Consumer Complaint Handling Processes

CFPB’s Proposed Insufficient Fund Fee Rule – Narrow in Scope with Potential for Greater Impact

CFPB Issues FCRA Advisory Opinions Addressing Background Screenings and Credit File Sharing Practices

New Florida Law Restricts Foreign Nationals’ Land Ownership

CFPB Touts 2023 Greatest Hits and Casts a Line for Enforcement Hires

Consumer Finance State Roundup

New York DFS to Impose Climate Change Safety and Soundness Expectations on Mortgage Lenders, Servicers, and other Regulated Organizations

Mortgage Industry Update: Washington DFI Holds First Mortgage Industry Webinar of 2024

New Indiana Money Transmission License Requirements Impact Business Purpose Activities

Don’t Miss the Small Stuff Lenders: New Mexico Issues Regulatory Guidance for Completing the “Freedom to Choose” Insurance Company Form

CFPB Amicus Brief in FDCPA Case Signals Its Stance on Liability for False Statements

Mortgage Servicers: VA Issues Guidance Regarding Noncompliance in Processing VA Assumptions

OCC Issues Guidance on “Buy Now, Pay Later” Lending

Complying with the “Consider” Requirement Under the Revised Qualified Mortgage Rules

CFPB’s Message to Mortgage Servicers: Make Sure You Comply with RESPA’s Force-Placed Insurance Requirements

Correspondent Lending on the Rise: Increasing Gains Point to Increasing Risk

FSOC Approves Analytic Framework for Financial Stability Risks and Guidance on Nonbank Financial Company Designations

NYDFS Finalizes Second Amendment to Its Cybersecurity Regulation

HUD Seeks Comment on Proposed Notice to Change HECM for Purchase Program to Expand Funding Sources and Interested Party Contributions

Majority of States Now Permit Remote Work for MLOs and Mortgage Company Employees

FTC Approves New Data Breach Notification Requirement for Non-Banking Financial Institutions

Affirmative Action in Lending: The Implications of the Harvard Decision on Financial Institutions

Consumer Finance State Roundup

Oh Snap! CFPB Sues Fintech Company under CFPA and TILA

Consumer Finance State Roundup

NY DFS Releases Revised Proposed Second Amendment of its Cybersecurity Regulation

Georgia, Florida, Connecticut Enact Commercial Financial Disclosure Laws

CFPB and Federal Agencies Seek Comment on Proposed Automated Valuation Models Rule

Consumer Finance State Roundup

FSOC Issues Proposed Update to Interpretative Guidance on Nonbank Financial Company Designations

Being a Government Agency is not an Exception to the Federal Discovery Rules

Consumer Finance State Roundup

CFPB Issues Preemption Determination that State Commercial Financing Disclosure Laws Are Not Preempted By TILA

New York’s Commercial Finance Disclosure Law Set to Take Effect August 1, 2023

Second Circuit Deepens Circuit Split over CFPB Funding Structure

States Continue Trend Supporting Remote Work for MLOs and Mortgage Company Employees

CFPB Issues Special Edition of Supervisory Highlights Focusing on Junk Fees

As Economic Winds Blow, So Do Whistleblowers: How to Protect Your Company Through Turbulent Times

Merrily the State CRAs Roll Along

The COVID-19 National Emergency is Ending: Are mortgage servicers ready?

California DFPI Digital Asset Lending Regulatory Year in Review

New York Foreclosure Abuse Prevention Act Curtails Servicers’ Options

CFPB Issues Advisory Opinion Warning Against Kickbacks for Mortgage Rate Shopping Platforms